In a major relief for homebuyers, the Mumbai Housing and Area Development Board of the Maharashtra Housing and Area Development Authority (MHADA) has announced a 7.5% reduction in prices for 1,221 tenements in the Kannamwar Nagar project at Vikhroli (East). The price cut forms part of the ongoing computerized lottery for the sale of 2,640 tenements across various MHADA housing projects in Mumbai.
The reduction applies to two specific building codes under the lottery announced on 30 March 2026. For Code No. 538 — Building No. 2 (A & B), Pocket-2, Kannamwar Nagar, Vikhroli (East) — the earlier prices of 480 tenements, which ranged between ₹1,45,58,307 and ₹1,47,97,992, have now been revised to ₹1,34,66,434 to ₹1,36,88,143.
Similarly, for Code No. 539 — Building No. 3 (A, B & C), Pocket-2, Kannamwar Nagar, Vikhroli (East) — the prices of 741 tenements, previously fixed between ₹1,45,74,942 and ₹1,48,14,901, have been lowered to ₹1,34,81,821 to ₹1,37,03,783 following the 7.5% reduction.
Each selected tenement will come with one car parking space free of cost. MHADA has urged eligible applicants to take full advantage of this revised pricing and the extended application window.
The online application registration and acceptance process for the lottery began on 30 March 2026. To enable wider participation, the deadline for submission of applications has been extended till 14 May 2026 (11:59 PM). The computerized draw of eligible applications will be held on 5 June 2026.
Homebuyers interested in the Vikhroli project can apply through the official MHADA lottery portal before the deadline.
Also Read: Dear MHADA, How Can You Sell a Rs 2 Crore Home to the Lower Income Group?
